Alcoa
538 hedge funds and large institutions have $10.5B invested in Alcoa in 2013 Q4 according to their latest regulatory filings, with 93 funds opening new positions, 167 increasing their positions, 200 reducing their positions, and 46 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 3 → 9 (+6)
102% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 46
42% more capital invested
Capital invested by funds: $7.42B → $10.5B (+$3.11B)
24% more call options, than puts
Call options by funds: $380M | Put options by funds: $306M
8% more funds holding
Funds holding: 496 → 538 (+42)
2.47% more ownership
Funds ownership: 25.55% → 28.02% (+2.5%)
17% less repeat investments, than reductions
Existing positions increased: 167 | Existing positions reduced: 200
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OH
Orbis Holdings
Hamilton,
Bermuda
|
+$206M |
| 2 |
JP Morgan Chase
New York
|
+$178M |
| 3 |
FC
Fairpointe Capital
Chicago,
Illinois
|
+$148M |
| 4 |
SSM
Sound Shore Management
Greenwich,
Connecticut
|
+$106M |
| 5 |
FPA
First Pacific Advisors
El Segundo,
California
|
+$74.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$164M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$164M |
| 3 |
Renaissance Technologies
New York
|
-$44.8M |
| 4 |
PVH
Psagot Value Holdings
Tel Aviv,
Israel
|
-$26.6M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$19.9M |
AA Hedge Fund Activity: Q4 2013 in Review
538 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Alcoa (AA) for Q4 2013, worth a combined $10.5B — up 42% from $7.42B a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new AA positions and 46 closed out — a net gain of 47 holders — while 167 added to existing stakes and 200 trimmed.
The largest buyer was Orbis Holdings, opening a new position worth an estimated $206M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $164M.
- 538 institutional investors held Alcoa (AA) as of Q4 2013, up from 496 in Q3 2013.
- Funds reported $10.5B of Alcoa stock for Q4 2013, up 42% quarter-over-quarter.
- 93 funds opened new Alcoa positions in Q4 2013 and 46 closed out, a net change of +47 holders.
- The largest Alcoa buyer in Q4 2013 was Orbis Holdings, an estimated $206M added.
- The largest Alcoa seller in Q4 2013 was BNP Paribas Financial Markets, an estimated $164M sold.
Based on aggregated 13F filings for Q4 2013.